5990 Janet St · Taylor, MI 48180

$146,500

3 bd · 1.0 ba · 690 sqft · SingleFamily public records · 14 Days on market

Built 1939 8,712 sqft lot Est $123k · 19% over

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.1/30.0
• DSCR +8.2/10.0
• 1% rule +5.8/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully maintained 3 bedroom home, with first floor primary bedroom. Stainless steel appliances included which compliments the granite counter tops and modern gray cabinetry. Step outside where your dream backyard awaits for your vision. Including a storage shed. Conveniently located near major freeways, parks, shopping, and schools. Newer Windows. C of O will be obtained by the seller prior to closing.

Key facts

• Dream backyard
• Storage shed
• Granite counter tops

Tags

• FIRST FLOOR PRIMARY BEDROOM
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTER TOPS
• MODERN GRAY CABINETRY
• DREAM BACKYARD
• STORAGE SHED

Property features AI

Exterior

• Parking: Driveway (no garage)
• Security: Smoke detector(s); Carbon monoxide detector(s)
• Utilities: Public water; Sewer available
• Home design: Single-family residence; Two levels; Ground-level entry with steps; Aluminum siding
• Construction: Asphalt roof
• Exterior features: Fenced backyard; Shed; Paved road access

Interior

• Kitchen: Free-standing gas range; Microwave; Free-standing refrigerator; Dishwasher
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Ceiling fans; Smoke and carbon monoxide detectors; Crawl space basement; 7 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $146k.

Deal economics

• At list price, monthly cash flow is $324 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $146k).
• Cap rate 8.9% vs local median 5.4% in Taylor — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#144 in MI, #3,684 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools F, crime F.
• Taylor School District (urban): math 14% / reading 27% proficiency, ranked #462 of 540 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 289 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 31% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $41k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $146,500

Questions for the listing agent

1. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 8.94%
• Cash-on-cash: 9.47%
• DSCR: 1.42
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $122,820
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6029 Fellrath St	0.29mi	2/1.0 (-1)	696 (+1%)	12mo	$130,000	$187	70
6160 Mcguire St	0.23mi	2/1.0 (-1)	660 (-4%)	12mo	$89,000	$135	67
5961 Mcguire St	0.16mi	3/1.0	780 (+13%)	9mo	$139,900	$179	63
6325 Harold St	0.40mi	2/1.0 (-1)	709 (+3%)	13mo	$126,000	$178	61
6139 Hampden St	0.54mi	2/1.0 (-1)	648 (-6%)	2mo	$100,000	$154	58
6049 Michael St	0.22mi	3/1.0	792 (+15%)	11mo	$160,000	$202	56
26252 Eton Ave	0.69mi	2/1.0 (-1)	696 (+1%)	8mo	$123,000	$177	54
6739 Marvin St	0.63mi	2/1.0 (-1)	702 (+2%)	10mo	$135,000	$192	54
6019 John Daly St	0.59mi	2/1.0 (-1)	721 (+4%)	9mo	$134,000	$186	53
6935 Oldham St	0.74mi	2/1.0 (-1)	687 (-0%)	9mo	$45,900	$67	52
6466 Burr St	0.71mi	2/1.0 (-1)	709 (+3%)	11mo	$105,000	$148	48
6420 BURR St	0.69mi	2/1.0 (-1)	709 (+3%)	13mo	$94,000	$133	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.9% rent growth · sell at horizon

5-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-89
• Equity at exit: $21,844

10-year hold

• IRR: 11.3%
• Equity multiple: 1.96×
• Total profit: $39,429
• Equity at exit: $12,667

Cash invested: $41,020 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48180

• Rents YoY: 4.9%
• Active inventory: 289
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,576 medium
• Mortgage (P&I): −$768
• Tax from tax record: −$92 /mo · $1,104/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $324

Break-even live

Break-even rent $1,166

Max offer price $146,500

Occupancy floor 74%

Sensitivity live

Price	-10% $407	-5% $365	+0% $324	+5% $282	+10% $241
Rent	-10% $199	-5% $261	+0% $324	+5% $386	+10% $448
Rate	-1.0pp $397	-0.5pp $361	base $324	+0.5pp $286	+1.0pp $247

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,625
• Closing costs: $4,395
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5845 Michael St Taylor, MI	2.0	1.0	618	$1,325	$2.14	5d	1	0.23mi
7873 Syracuse St Taylor, MI	2.0	1.0	728	$1,400	$1.92	45d	1	1.48mi

Listing history 11 events

1. 2026-06-21
   days on market $146,500 Active 14 DOM
2. 2026-06-18
   days on market $146,500 Active 11 DOM
3. 2026-06-17
   days on market $146,500 Active 10 DOM
4. 2026-06-16
   days on market $146,500 Active 9 DOM
5. 2026-06-15
   pricedays on market $146,500 Active 8 DOM
6. 2026-06-13
   days on market $148,000 Active 6 DOM
7. 2026-06-13
   days on market $148,000 Active 5 DOM
8. 2026-06-09
   days on market $148,000 Active 2 DOM
9. 2026-06-08
   remarks 466-char remark
10. 2026-06-08
    remarks 426-char remark
11. 2026-06-08
    listed $148,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,104 · $92/mo
• Projected year-2 tax: $1,680 · $140/mo
• Expected delta: +$576/yr (+$48/mo · 52.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,911
• − Mortgage interest: −$8,206
• − Property taxes: −$1,104
• − Insurance: −$732
• − Repairs & maintenance: −$1,513
• − Management: −$1,513
• − Depreciation: −$4,262
• Taxable income: $1,580
• Est. tax owed @ 24.0%: −$379
• After-tax cash flow: $3,504/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Taylor School District
• NCES district ID: 2633540
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 27% ▼ -4.00%
• Median HH income: $43,062
• Composite: 17.62/100
• National rank: #9034
• State rank: #462 of 540 in MI

Livability — Taylor

• Score: 76/100
• State rank: #144
• US rank: #3684

Category grades

Amenities B Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety B- User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, MI
• County: Wayne County · 1,562,939 people
• City population: 62,081
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 62,081
• Household income: $61,081
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1957.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 4% Arabic 3% Other Indo-European 3%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -212.33%
• Current HPI: 228.921
• Rent YoY: ▲ 4.90%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+111.7% since first listed

27 events — show timeline

• 2026-06-07 Listed $148,000 REALCOMP
• 2026-06-07 Listed $148,000 MiRealSource-MiMLS
• 2025-05-02 Sold (Public Records) $140,000 Public Records
• 2025-05-01 Sold (MLS) $140,000 REALCOMP
• 2025-05-01 Sold (MLS) $140,000 MiRealSource-MiMLS
• 2025-04-18 Pending — MiRealSource-MiMLS
• 2025-04-18 Pending — REALCOMP
• 2025-04-10 Price Changed $144,900 MiRealSource-MiMLS
• 2025-04-10 Price Changed $144,900 REALCOMP
• 2025-03-20 Listed $149,900 REALCOMP
• 2025-03-20 Listed $149,900 MiRealSource-MiMLS
• 2025-02-19 Sold (Public Records) $50,000 Public Records
• 2025-01-27 Sold (MLS) $50,000 MiRealSource-MiMLS
• 2025-01-27 Sold (MLS) $50,000 REALCOMP
• 2025-01-15 Pending — MiRealSource-MiMLS
• 2025-01-15 Pending — REALCOMP
• 2025-01-13 Listed $60,000 MiRealSource-MiMLS
• 2025-01-10 Listed $60,000 REALCOMP
• 2005-11-25 Sold (Public Records) $57,165 Public Records
• 2005-02-15 Sold (MLS) $57,165 MiRealSource-MiMLS
• 2005-02-15 Sold (MLS) $57,165 REALCOMP
• 2005-01-17 Listing Removed — MiRealSource-MiMLS
• 2004-11-29 Listed $61,500 MiRealSource-MiMLS
• 2004-11-29 Listed $61,500 REALCOMP
• 2003-11-26 Listing Removed — MiRealSource-MiMLS
• 2003-07-26 Listed $69,900 REALCOMP
• 2003-07-26 Listed $69,900 MiRealSource-MiMLS

Property tax history

-1.0%/yr

Latest (2025): $1,104 · +2.3% YoY. Source: county tax records.